| COMPANY |
Oatly Group AB |
| COURT |
United States District Court for the Southern District of New York |
| CASE NUMBER |
21-cv-06360 |
| JUDGE |
The Honorable Alvin K. Hellerstein |
| CLASS PERIOD |
May 19, 2021 - July 13, 2021. |
| SECURITY TYPE |
All Securities |
Case Background:
This securities fraud class action is brought on behalf of investors who purchased Oatly Group AB securities between May 20, 2021 and November 15, 2021 (the “Class Period”).
The complaint alleges that during the Class Period, Defendants made statements that were materially false and/or misleading and failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the Latin American assets acquired by the Company lacked adequate licenses to operate and were overvalued; (2) the acquisition of the Latin American assets would enrich the Company’s CEO and other insiders at the expense of shareholders; and (3) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Current Status of Case:
On November 7, 2023, the parties advised the Court that they had reached a settlement of the action. This action is ongoing.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.